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By Carlos Villota,
05-04-2012
Two years after the Greek debt crisis first appeared in headlines across the globe, policy makers in Europe are still failing to deal soundly with the crisis. Inspired by the Jubilee movement that has long fought for debt justice in the South; a wave of mobilisation has taken place with, debt campaigners standing up across Europe. Campaigners demand transparency, justice and protection of citizens’ rights against the consequences of financial market failures.
The debt problems in Greece, Ireland, Portugal, Spain and Italy are of different nature, but the remedies are largely the same: Cuts are imposed on the most basic of the State's social functions, justified with the need to finance public debt service and not lose further trust from financial markets. ...